WEB EXCLUSIVE
Genentech Chooses Louisville, KY for Distribution
Facility
Genentech, Inc., a biotechnology company, recently
decided to locate a new warehouse and distribution
facility in Louisville, KY. The company plans to invest
$18 million in the new 165,000-square-foot facility,
anticipated to open in the first quarter of 2006.
This expansion will initially create 15 new jobs,
and up to 60 over a three-year period. The company
was preliminarily approved for up to $2.4 million
over a 10-year period under the Kentucky Job Development
Act (KJDA).
"We expect that this distribution center will
play an important role in helping provide Genentech
with the distribution capacity needed to support our
anticipated growth, as well as enhance our ability
to get life-improving and life-extending products
to our patients quickly," says Patrick Y. Yang,
Ph.D., Senior Vice President, Product Operations.
In our evaluation of potential locations for a distribution
facility, Kentucky provided us with the best overall
package including government incentives, the availability
of appropriately skilled labor, proximity to a major
shipping hub, and readily available appropriate facilities.
We are pleased to be a part of the Louisville business
community."
"Louisville's future is the knowledge-based economy
and Genentech's research and life-improving products
provide the right kind of job opportunities for our
community," says Mayor Jerry Abramson. "Riverport
was able to fit Genentech's needs, with available workforce,
nearby transportation networks, and existing infrastructure."
